AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of MGA Insurance Co. Inc. (MGA), …
A.M. Best reported it has both downgraded and withdrawn the ratings for National Unity Insurance Company (National Unity) in San Antonio, Texas. National Unity specializes domestic non-standard auto business, as well as in insuring Mexican cars and commercial trucks traveling …
On March 1, 2016, Affirmative Insurance Co. was declared insolvent by at least $31 million by Acting Illinois Insurance Director Anne Melissa Dowling, who filed with the Illinois Supervising Court a Complaint for Liquidation with a Finding of Insolvency against …
Everest Re Group, Ltd. wholly-owned primary insurance subsidiary, Everest Security Insurance Company, (ESIC) has entered into a definitive agreement with Arrowhead General Insurance Agency, Inc., a subsidiary of Brown & Brown, Inc. Under the terms of the agreement, ESIC will …
In the coming year Confie Seguros plans to up its buying spree and expand into standard personal and small commercial lines, while broadening its demographic from being primarily Hispanic focused, the president of the Buena Park, Calif.-based insurance agency said …
Excellere Partners, a Denver-based private equity firm, announced that its subsidiary, Personable Insurance, has acquired Endeavor General Agency LLC, a Royce City, Texas-based non-standard personal automobile managing general agency. The acquisition closed on May 16, 2012. Personable, headquartered in San …
Western National Mutual Insurance Co., based in Edina, Minn., has closed on the purchase of 100 percent of the stock of Arlington Heights, Ill.-based Dynamic Insurance Group, parent holding company of American Freedom Insurance Co. American Freedom Insurance will operate …
San Diego, Calif.-based Align Financial Group LLC has partnered with private equity firm Excellere Partners, of Denver, to form Personable Holdings Inc., an independent, non-standard auto insurance provider. Personable Holdings recently acquired the non-standard auto insurance operations of Align General …
Texas State Low Cost Insurance announced it has opened a new office in Greenville, about 40 miles east of Dallas. The company offers a variety of property and casualty insurance products in addition to non-standard auto insurance. Formed in 1978 …
